MT5 Strategy Builder
- Utilities
- Jacobus Van Schoor
- Version: 6.11
- Updated: 17 July 2022
- Activations: 5
MT5 Strategy Builder ('StratBuilder') is a grid-trading order management utility which runs on the MT5 platform.
This product is also available on the MT4 platform: https://www.mql5.com/en/market/product/15328
It is strongly suggested that a virtual private server (VPS) be rented, to allow StratBuilder to run 24/7.
The unique StratBuilder concept:
A basket of trades is opened at predetermined price levels (ring-fenced per symbol and trading direction) and profit taking occurs when a targeted percentage profit on account balance OR equity is reached, at which point all positions are closed simultaneously and a new basket of trades is opened. Please select this link to watch an introductory YouTube video: https://www.youtube.com/watch?v=4IgkdZKk25k
Sample strategy parameter .set files can be downloaded from our MQL5 blog (default parameters when first downloaded is sample strategy 4, for the EURUSD pair, optimised for the trading conditions specified on the blog)
Selected control features are outlined below:
INPUT | INDICATIVE PARAMETER VALUE | FUNCTION |
---|---|---|
|
|
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Lotsize | True | If ‘True’, lotsize is determined dynamically as percentage of free margin |
Lotsize | 0,7 | Fixed lotsize (measured in lots) OR percentage of free margin to be used per trade |
Trading | Long + Short | Trader selects the direction of trading: |
Isolate | True | If ‘True’, profit on LONG & SHORT trades are calculated separately |
Level | 100 | Number of points between price levels at which trades will open |
MaxProfit | 0,7 | Targeted percentage profit on account balance at which all positions for the symbol will close, before a new basket of trades is |
Global MaxProfit | 0.7 | Targeted percentage profit on account balance at which ALL positions on ALL symbols traded concurrently, will close |
Close on | 0,7 |
|
Trend | True |
|
Close on trend change | True |
|
Hedge enabled | True | If 'True', a hedge trade will open to 'balance' remaining trades in the previous direction. The hedge trade lot size can either be selected to be equal to the remaining collective lot size of trades in the previous direction, OR to 'balance' the collective lot size in both directions: |
Offset losses against profits | True | If 'True', profit on trades in current direction is offset against losses on remaining trades in opposite direction |
Show info | True | StratBuilder dashboard will appear top left on the symbol chart, if ‘True’ is selected |
StratBuilder offers you an easy way to automate your grid trading strategy!